IN BRIEF: JPMorgan Indian Investment Trust lags benchmark
9th Jun 2022 15:15
JPMorgan Indian Investment Trust PLC - investor in Indian companies - In the six months ended March 31, swings to a pretax loss of GBP19.9 million from a profit of GBP124.1 million the previous year. Also swings to a loss on investments of GBP20.1 million from a gain on investments of GBP123.3 million. Net asset value per share at March 31 stands at 965.0 pence, up from 836.7p at the same time the previous year. Company produces a total return on net assets of minus 1.9% in the six month period, compared to a return of positive 0.3% from its benchmark index, the MSCI India Index. Notes concerns around rising inflation ad market volatility moving forward. Read More